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Each time over the past few years that bond yields have reached the peak of falling channel (A), equities were also putting in a peak in prices! If the Power of the Pattern and history is any guide, the above chart was suggesting that bond yields and equities were due key reversals!
This pattern suggested to pick up the long-bond and dial down stock risk!!!
Van….Good question. They have given very little back.
I haven’t seen you mention the high yield mutual funds, what’s their status?